Should Cuba's Communist-inspired government topple, due to a "Latin American Spring," or another type of regime change, corporations in those those European countries that have continued to do business with Cuba could suffer the same fate as United States companies did: a repudiation of Castro-era obligations and business relationships. Now that it is clear that there will not be a Castro in power in Cuba after 2018, an unanticipated regime change could very well occur. It may not be a bloody revolution, but future leaders of Cuba could renege on its obligations, to the damage and detriment of international financial institutions, and multi-national corporations.
For that reason, I have chosen to advise that Country Risk for Cuba be increased at this time.
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